Bank of America · Premium Rewards

BofA rewards transfer partners.

Where Bank of America Premium Rewards points stand on transfer partners. The Preferred Rewards multiplier is the real edge here.

Verified Jun 29, 2026

TL;DR

Bank of America's Premium Rewards does not have airline or hotel transfer partners — points convert to cash back or travel statement credits at 1¢ each. The leverage comes from the Preferred Rewards multiplier: with $100k+ at Merrill, Premium Rewards Elite earns an effective 2.625% on everything. That's competitive with transfer-currency cards if you don't optimize redemptions.

Sweet spots

  • Platinum Honors tier: 75% boost = 3.5% on travel, 2.625% flat on Premium Rewards Elite
  • $95 Premium Rewards: $100 airline credit + 2× on travel + 1.5× boosted = 2.625% effective

Maximizing BofA rewards

  • Hit Platinum Honors: $100k at Merrill (taxable, IRA, 529) — more than pays the AF
  • Use for non-bonus spend: 2.625% flat beats most points cards on everyday categories
  • Pair with transfer cards: BofA for everyday, Amex/Chase for category multipliers

Earn More Bank of America Rewards Points

Credit cards that transfer to Bank of America Rewards

The Business Platinum Card® from American Express

Business · Annual fee $895

US only

200,000 Membership Rewards® points

after $20,000 in purchases in the first 3 months

Learn more & apply

American Express® Business Gold Card

Business · Annual fee $375

US only

100,000 Membership Rewards® points

after $15,000 in purchases in the first 3 months

Learn more & apply

Chase Ink Business Preferred®

Business · Annual fee $95

100,000 Ultimate Rewards points

after $8,000 in purchases in the first 3 months

Learn more & apply